Legacy Capital Group California Inc. Sells 8,835 Shares of Honda Motor Co., Ltd. (NYSE:HMC)

Legacy Capital Group California Inc. decreased its holdings in Honda Motor Co., Ltd. (NYSE:HMC) by 47.7% in the third quarter, HoldingsChannel reports. The institutional investor owned 9,684 shares of the company’s stock after selling 8,835 shares during the period. Legacy Capital Group California Inc.’s holdings in Honda Motor were worth $307,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. International Assets Investment Management LLC increased its stake in Honda Motor by 1,906.3% in the third quarter. International Assets Investment Management LLC now owns 193,712 shares of the company’s stock valued at $6,105,000 after acquiring an additional 184,057 shares during the period. Signaturefd LLC boosted its holdings in Honda Motor by 13.6% during the third quarter. Signaturefd LLC now owns 44,938 shares of the company’s stock valued at $1,426,000 after purchasing an additional 5,376 shares in the last quarter. Sequoia Financial Advisors LLC grew its stake in shares of Honda Motor by 9.6% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 22,406 shares of the company’s stock valued at $711,000 after purchasing an additional 1,966 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in shares of Honda Motor by 29.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 13,021 shares of the company’s stock worth $413,000 after buying an additional 2,935 shares in the last quarter. Finally, Raymond James & Associates lifted its position in shares of Honda Motor by 5.5% during the 3rd quarter. Raymond James & Associates now owns 348,112 shares of the company’s stock worth $11,046,000 after buying an additional 18,134 shares during the period. 5.32% of the stock is owned by institutional investors.

Honda Motor Trading Down 0.2 %

Shares of Honda Motor stock opened at $30.24 on Friday. Honda Motor Co., Ltd. has a 12-month low of $27.69 and a 12-month high of $37.90. The company has a 50-day simple moving average of $31.88 and a 200 day simple moving average of $32.47. The company has a current ratio of 1.37, a quick ratio of 1.07 and a debt-to-equity ratio of 0.45.

Honda Motor (NYSE:HMC) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $1.57 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.38. The company had revenue of $34.67 billion during the quarter, compared to analyst estimates of $33.75 billion. Honda Motor had a net margin of 5.34% and a return on equity of 8.72%. Analysts predict that Honda Motor Co., Ltd. will post 4.6 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Honda Motor from a “strong-buy” rating to a “buy” rating in a research report on Wednesday.

Honda Motor Profile

Honda Motor Co, Ltd. develops, manufactures, and distributes motorcycles, automobiles, power, and other products in Japan, North America, Europe, Asia, and internationally. It operates through four segments: Motorcycle Business, Automobile Business, Financial Services Business, and Power Product and Other Businesses.